When a data breach occurs, the result is lost business. What percentage of the data breach’s cost is attributable to lost business?

56%

56% of the average breach’s cost is attributable to business lost due to cash flow disruptions, the inability to accept payments, reputational damage and associated penalties.Source: Payment Card Security Standards Council.

What do Practices Consider to be Damaging Components of a Data Breach?

In the event of a data breach, all these scenarios – lost business, record intrusion and credit card data access – could all be highly damaging to an operation.